Create your own at Storyboard ThatMr.Biddle'sBankJackson'sWarontheBankProsperityBecomesPanicAlthoughthebankranefficiently,Jacksonhadmanyreasonstodislike.Foronething,hehadcometodistrustbanksafterlosingmoneyinfinancialdealsearlyinhiscareer.Healsothebankhadtoomuchpower.Inhissecondterm,Jacksonsetouttodestroythebankbeforeitscharterendedin1832.ThepeopleralliedtoJackson'sposition.Eventually,thebankwentoutofbusiness.Thebanksquicklyranoutofgoldndsilver.Whenthegovernmenttriedtogetitsmoneyfromthestatebanks,thebankscouldnotpay.Thebankswentoutofbusiness.Thisbankhaswaytoomuchpower!ThebankisunconstitutionalWehaveourpapermoney,nowgiveusgoldandsilverinexchange!